Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
Division 301
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Superannuation member benefits paid from complying plans etc.
Subdivision 301-B
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Member benefits: general rules
Member benefits
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recipient aged 60 or above
SECTION 301-10
301-10
All superannuation benefits are tax free
If you are 60 years or over when you receive a *superannuation benefit, the benefit is not assessable income and is not *exempt income.
View history note
Hide history noteIf you are 60 years or over when you receive a *superannuation benefit, the benefit is not assessable income and is not *exempt income.
Note 1:
Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections 307-65 and 307-70 .
Note 2:
If your superannuation benefit includes an element untaxed in the fund, see Subdivision 301-C .
Note 3:
If your superannuation benefit is a superannuation income stream benefit that is defined benefit income, see Subdivision 303-A .
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